AW Hydraulic Services Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—8

1. General Information

AW Hydraulic Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09870162 . The registered office is 22B Buckingham Avenue, Slough, Berkshire, SL1 4QA.

2. Statement of Compliance

The financial statements have been prepared in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. Accounting Policies

3.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention.

3.2. Going Concern Disclosure

The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.

3.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

3.4. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 10 years.

3.5. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are .... It is amortised to the profit and loss account over its estimated economic life of 10 years.

3.6. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	10 years straight line
Motor Vehicles	3 years straight line
Fixtures & Fittings	10 years staight line
Computer Equipment	5 years straight line

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AW Hydraulic Services Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

3.7. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

3.8. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3.9. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

3.10. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3.11. Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

4. Average Number of Employees

Average number of employees, including directors, during the year was: 8 (2025: 8)

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AW Hydraulic Services Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

5. Intangible Assets

	Goodwill	Other	Total
	£	£	£
Cost
As at 1 April 2025	201,109	30,000	231,109

As at 31 March 2026	201,109	30,000	231,109

Amortisation
As at 1 April 2025	184,350	27,500	211,850
Provided during the period	16,759	2,500	19,259

As at 31 March 2026	201,109	30,000	231,109

Net Book Value
As at 31 March 2026	-	-	-

As at 1 April 2025	16,759	2,500	19,259

6. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 April 2025	22,617	364,865	40,842	51,021	479,345
Additions	10,533	35,601	-	-	46,134

As at 31 March 2026	33,150	400,466	40,842	51,021	525,479

Depreciation
As at 1 April 2025	15,066	239,056	29,072	47,491	330,685
Provided during the period	2,626	74,259	3,305	942	81,132

As at 31 March 2026	17,692	313,315	32,377	48,433	411,817

Net Book Value
As at 31 March 2026	15,458	87,151	8,465	2,588	113,662

As at 1 April 2025	7,551	125,809	11,770	3,530	148,660

7. Stocks

	2026	2025
	£	£
Materials	88,007	73,973

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AW Hydraulic Services Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

8. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	253,961	305,455
Amounts owed by participating interests	616,217	351,217
Other debtors	63,078	52,899

	933,256	709,571

9. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	60,503	52,688
Trade creditors	129,824	124,304
Bank loans and overdrafts	-	22,805
Amounts owed to participating interests	120,511	120,511
Other creditors	100,662	103,331
Taxation and social security	142,959	96,330

	554,459	519,969

10. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	62,598	89,747

11. Loans

An analysis of the maturity of loans is given below:

	2026	2025
	£	£
Amounts falling due within one year or on demand:
Bank loans	-	22,805

12. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	60,503	52,688
Later than one year and not later than five years	62,598	89,747

	123,101	142,435

	123,101	142,435

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AW Hydraulic Services Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

13. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

14. Related Party Disclosures

Transactions with directors

All directors remuneration was concluded under normal market conditions.

Summary of transactions with other related parties

Macbeth 12 Ltd, Pirtek (Watford) Ltd, Dappleflair Ltd, Sageglen Ltd, Swindon Hydraulics Ltd, Hydraulic Solutions Ltd, Metaldance Ltd and Berkshire Hydraulic Solutions Ltd.

The companies listed above were under the common control of Mr A and Miss C Williams.

AW Hydraulic Services Ltd has provided loans to Sageglen Ltd and Swindon Hydraulics Ltd which are outstanding at the year end.

The compnay had recieved loans from Pirtek (Watford) Ltd which is outstanding at the year end.

All sales and purchases made with the other related parties were concluded under normal market conditions.

Loans to related parties

2026	Other related parties	Total
	£	£
At start of period	351,217	351,217
Advanced	265,000	265,000

At end of period	616,217	616,217

2025	Other related parties	Total
	£	£
At start of period	231,479	231,479
Repaid	119,738	119,738

At end of period	351,217	351,217

Terms of loans to related parties

There are no terms attached to loans provided to other related parties and no interest charged. The loans are repayable on demand.

Loans from related parties

2026	Other related parties	Total
	£	£
At start of period	120,520	120,520
Advanced	0.00	0.00

At end of period	120,510	120,510

...CONTINUED

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AW Hydraulic Services Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

14. Related Party Disclosures - continued

2025	Other related parties	Total
	£	£
At start of period	6,773	6,773
Advanced	113,737	113,737

At end of period	120,520	120,520

Terms of loans from related parties

There are no terms attached to loans from entities with other related parties and no interest charged. The loans are repayable on demand.

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		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	5		-		19,259
Tangible Assets	6		113,662		148,660

			113,662		167,919
CURRENT ASSETS
Stocks	7	88,007		73,973
Debtors	8	933,256		709,571
Cash at bank and in hand		414,287		385,275

		1,435,550		1,168,819
Creditors: Amounts Falling Due Within One Year	9	(554,459 )		(519,969 )

NET CURRENT ASSETS (LIABILITIES)			881,091		648,850

TOTAL ASSETS LESS CURRENT LIABILITIES			994,753		816,769

Creditors: Amounts Falling Due After More Than One Year	10		(62,598 )		(89,747 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(28,416 )		(37,165 )

NET ASSETS			903,739		689,857

CAPITAL AND RESERVES
Called up share capital	13		100		100
Profit and Loss Account			903,639		689,757

SHAREHOLDERS' FUNDS			903,739		689,857